Consumer Bankruptcy Filing Trends May Reveal Little Change

Posted on November 22, 2006 by Kevin Chern Esq.

An interesting paper by University of Illinois law professor Charles Tabb appears in this month's American Bankruptcy Institute Journal.  Tabb has crunched some interesting numbers and pointed out that the average monthly quarterly Chapter 7 bankruptcy filings from the beginning of 2001 through the enactment of BAPCPA were 275,297.  When what Tabb calls the "aberrant quarters"--those from the enactment date through the effective date and through the most current quarter for which data is available--are likewise averaged, the average filings are somewhat higher than pre-enactment filings:  298,886/quarter.

Tabb also points out that the Chapter 7:Chapter 13 ratio has changed dramatically from pre-BAPCPA days, but that fluctuation appears to be largely related to the spike and then drop in Chapter 7 filings; the long term proportion is difficult to predict.

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